Acquisition addresses analytical industry charge for absolute advice amid pharma and patients, acknowledging greater medication adherence, accommodating assurance and bloom outcomes
ROCHESTER, Mich., Oct. 17, 2018 (GLOBE NEWSWIRE) — OptimizeRx Corp. (OPRX), a arch provider of agenda bloom messaging for the biologic industry, has acquired CareSpeak Communications, a baton in alternate bloom messaging for bigger medication adherence and affliction coordination.
OptimizeRx bridges the advice gap amid pharma and providers with its agenda bloom messaging belvedere that is delivered through a civic arrangement of arch cyberbanking bloom almanac (EHR) and ePrescribing providers. With CareSpeak, the aggregation expands its adeptness to acquaint anon to patients, consistent in greater medication adherence, chain and affordability. This cardinal accretion follows a year of almanac advance for OptimizeRx, diversifying its acquirement streams and ascent its accepted solution.
“There are immense assets actuality caked into affection advance and value-based care, all for the simple acumen that it improves outcomes and reduces costs for all stakeholders,” said William Febbo, CEO of OptimizeRx. “By abacus CareSpeak’s commutual capabilities to our platform, we extend our adeptness to appoint doctors and patients, and advance health. CareSpeak allows us to added arch the analytical advice gaps amid pharma, healthcare providers and patients.”
According to a contempo study, amid 25 and 50 percent of patients common do not booty their medications as recommended. In the U.S. alone, sub-optimal adherence has been associated with 125,000 deaths and 10 percent of hospitalizations, and costs the industry up to $289 billion annually. By deploying CareSpeak’s technology through its civic agenda bloom network, OptimizeRx will animate medication adherence and chain added finer through greater affordability, accommodating assurance and alternate communication.
Clinical studies appearance CareSpeak’s automatic accommodating assurance belvedere leads to bigger accommodating outcomes and can extend patient’s time on analysis with specialty medications for up to 3.5 months. CareSpeak-powered action reduces payer medical amount by $140 per affiliate per month, according to appear data.
“One of the keys to any acceptable accommodating adherence and abutment affairs is an attainable and seamless way for patients to get enrolled,” said CareSpeak CEO, Serge Loncar. “CareSpeak’s mission is to serve the accommodating alternating their accomplished analysis adventure with the appropriate advice at the appropriate time, and OptimizeRx’s has the adeptness to serve the appropriate bulletin to the HCP and their patients at the point of prescribing. This ‘teachable moment’ will accept a cogent appulse on creating a automated acquaintance for the patient, arch to college acceptance ante and ultimately bigger outcomes.”
The affiliation of CareSpeak’s HITRUST certified and HIPAA adjustable adaptable messaging belvedere enables direct, real-time advice to patients. CareSpeak helps patients administer their own bloom with medication reminders, bushing notices, ancillary aftereffect administration information, and cost-saving co-pay programs. In addition, patients can acquaintance assistant abutment casework if needed.
Added Febbo: “We are aflame to accompany armament with Serge and his team. We see a abundant cultural fit accustomed our alternate mission to transform advice beyond the provider-pharma-patient affliction continuum. This advance allows us to drive added opportunities for acquirement growth, extending our adeptness aural our absolute applicant abject as able-bodied as acceptable our agenda belvedere to facilitate added scale.”
Additional capacity about the accretion will be attainable in a Form 8-K to be filed by OptimizeRx with the U.S. Securities and Exchange Commission, attainable in the broker relations area of the company’s website at www.investors.optimizerx.com.
CareSpeak will advance its cadre at its Somerset, New Jersey headquarters. OptimizeRx is actuality brash by Excel Partners on the transaction.
For added advice on OptimizeRx, appointment www.optimizerx.com.
About CareSpeak Communications CareSpeak Communications’ HIPAA adjustable and HITRUST certified Automatic Accommodating Assurance Belvedere helps patients be added adjustable with their medical analysis and supports them throughout their healthcare adventure via alternate messaging, and affliction allocation interventions. CareSpeak develops custom programs for biologic manufacturers, specialty pharmacies, bloom plans, as able-bodied as clinicians at some of the arch medical centers. CareSpeak has approved analytic ability and absolute bartering appulse beyond a advanced ambit of ache verticals from coronary affection ache and diabetes, to displace and oncology patients. CareSpeak Communications, Inc. is headquartered in Somerset, New Jersey, USA, with offices in Zagreb, Croatia (EU). Visit www.carespeak.com for added information.
About OptimizeRxOptimizeRx® (OPRX) is one of the nation’s arch providers of agenda bloom messaging via cyberbanking bloom annal (EHRs), accouterment a absolute approach for pharma companies to acquaint with healthcare providers. The company’s cloud-based band-aid supports accommodating adherence to medications by accouterment real-time admission to banking assistance, above-mentioned authorization, education, and analytical analytic information. The company’s arrangement is comprised of arch EHR platforms like Allscripts, Amazing Charts and Quest, and provides added than bisected of the ambulant accommodating bazaar with admission to these allowances aural their workflow at the point-of-care. For added information, chase the aggregation on Twitter, LinkedIn or visit www.optimizerx.com.
Important Cautions Regarding Forward Looking StatementsThis columnist absolution contains advanced statements aural the analogue of Area 27A of the Securities Act of 1933, as amended, and such as in area 21E of the Securities Act of 1934, as amended. These advanced statements should not be acclimated to accomplish an advance decision. The words ‘estimate,’ ‘possible’ and ‘seeking’ and agnate expressions analyze advanced statements, which allege alone as to the date the account was made. The aggregation undertakes no obligation to about amend or alter any advanced statements, whether because of new information, approaching events, or otherwise. Advanced statements are inherently accountable to risks and uncertainties, some of which cannot be predicted, or quantified. Approaching contest and absolute after-effects could alter materially from those set alternating in, advised by, or basal the advanced statements. The risks and uncertainties to which advanced statements are accountable include, but are not bound to, the aftereffect of government regulation, antagonism and added absolute risks.
OptimizeRx ContactDoug Baker, CFOTel (248) 651-6568 [email protected]
Media Relations ContactNicole Brooks, Innsena Communications(Tel) [email protected]
Investor Relations ContactRon Both, CMATel (949) [email protected]
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